Analyst Ratings for Consolidated Edison Inc. (ED)Updated: 2017-07-28
Analysts covering Consolidated Edison Inc. (NYSE:ED) have given it a consensus rating of Underweight. ED had previously received a consensus rating of Underweight a month ago.
A buy rating was issued by 0 analysts, 0 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 6 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 2.
Several price targets were given for ED by the analysts covering the stock. The most optimistic price target was 83.5, implying a possible profit of 1.36 percent. The most pessimistic analyst gave a price target of 65, implying potential capital losses of -21.1 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.69 percent. The average change in earnings estimates over the last 90 days is -0.81 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.37 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.12 percent.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 1 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
The growth rate of ED's earnings is estimated by analysts to be -6.27 percent. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of ED is -3.03.
In the trailing 52-weeks, ED hit 85.13 at the highest peak, while it's lowest trading point was 68.76. The current market price is above the trailing year's low by 19.81 percent, and 3.23 percent below the high. ED has a price/earnings ratio of 19. Investors typically compare the P/E ratio to a company's peers in the industry. The ED value stock report compares ED to some of its peers using value stock charts. The stock has a market capitalization of $25.13 billion. ED's next earnings release will be on 0000-00-00, which is days away.